The UK can expect a flood of new property funds in 2009, according to PILinvests. The alternative a...
The UK can expect a flood of new property funds in 2009, according to PILinvests. The alternative asset fund specialist says it has seen an explosion of interest from specialist property firms and boutiques looking to launch funds this year, seeing a 'once in a generation' buying opportunity. PILinvests, which launches and administers investment funds, says the growing number of distressed developers forced to dispose of property portfolios at deep discounts to current valuations is encouraging new funds to come to market. Managing director James Sullivan says: "Specialist property ma...
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